Meme coins are all the rage and majors like Shiba Inu (SHIB) and Dogecoin (DOGE) have asserted themselves as viable stores of value with eleven-figure market caps. Investors who feel like they have missed out and are searching for the next meme gem should look no further than Cutoshi (CUTO). This is a newcomer that could soon mimic Shiba Inu’s meteoric rise with its hybrid framework that merges meme energy and DeFi utility.Â
Shiba Inu Is Consolidating After Rebound While Shibarium Breaks Records
Amid the market-wide disruption during the last few days, Shiba Inu (SHIB) fared surprisingly well as it quickly regained ground after briefly tapping the $0.000025 support. At press time, Shiba Inu sells for $0.000029 with a 3.2% intraday increase. On the other hand, volume has seen a notable 36% drop, as buyers seem to have taken a step back for now. Over the last 24 hours, about $1.43 billion worth of SHIB was traded across exchanges.
Right now, Shiba Inu is revisiting range lows and a rebound is expected soon. Shiba Inu has struggled to reclaim $0.000032, as a rejection almost immediately followed every time Shiba Inu attempted to break resistance. On the macro level, however, things are getting interesting for Shiba Inu. Trader and analyst Astekz has shared a Shiba Inu chart on X, showing the formation of a bullish cup & handle. This pattern teases an upcoming breakout that could send Shiba Inu soaring to new heights before the end of the year.
Meanwhile, the Shiba Inu ecosystem is firing on all cylinders, as Shibarium, its Layer 2 blockchain, is seeing a steep surge in activity. With over 2 million addresses registered and a total of 600+ million transactions processed, Shibarium is steadily growing in relevance as investors are shifting their focus to utility-driven meme coins.
Moreover, whale activity is also on the rise, as in the last 24 hours, large wallets have moved over 10 trillion SHIB tokens, totaling roughly $290 million in volume. These factors combined further confirm that the meme coin niche is maturing and projects that are still flying under the radar, such as Cutoshi, are set to hit the market at exactly the right time.
Cutoshi Is Spearheading A New Meme Coin Revolution
Cutoshi brings a revolutionary MemeFi platform that could challenge the dominance of established DEXs such as Uniswap and ShibaSwap. At the core of Cutoshi’s ecosystem is CUTO DEX, a novel non-custodial exchange that connects all major blockchains and allows for cheap and near-instantaneous transactions. This means that users can seamlessly perform cross-chain swaps without having to switch between dedicated single-chain DEXs.
Cutoshi is the blockchain counterpart of the Lucky Cats from Japanese tradition, who are believed to bring good fortune to businesses and households. Cutoshi tokenizes good fortune and delivers it to the blockchain through the viral Cutoshi Farming initiative.
Cutoshi’s aim is to build a thriving community and grant significant monetary prizes to the most motivated members. They will be tasked with spreading the good word by completing fun missions and participating in special events. For their efforts, individuals will receive CUTO points, which can then be exchanged for the native $CUTO token once post-presale. A staking model will also be available soon, allowing users to put their tokens to work and earn passive income.
One of Cutoshi’s focuses is to narrow the knowledge gap between veterans and newbies and lower entry barriers. This is why the Cutoshi Academy is already gaining significant praise. This is a learning platform that aims to lend a helping hand to beginners. On this platform, users will find free resources that teach the basics of trading, investing and future-proof portfolio management.
Stage 4 of the $CUTO presale is underway and tokens are available at a discounted price of $0.031. Over $1.36 million has been raised and given all that Cutoshi has to offer, this number is expected to multiply in 2025.
For more information on the Cutoshi (CUTO) Presale: CUTOSHI
Join and become a community member: Twitter | Telegram
